ECB tests show Greek banks have capital shortfall of 14.4 bln euros

October 31, 2015 9:47 AM

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FRANKFURT Oct 31 Greek banks have a capital shortfall of 14.4 billion euros ($15.9 billion) if the country's economy deteriorates further than expected, the European Central Bank said on Saturday.

In checks of the financial strength of the country's four main banks - National Bank of Greece, Piraeus, Alpha Bank and Eurobank - the ECB determined that even should the economy perform as forecast, the banks would need 4.391 billion euros.

Also read: Italy's Monte Dei Paschi Denies Any ECB Notice

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